The California Public Utilities Commission on Tuesday issued its largest-ever safety-related fine against PG&E Corp., saying it must pay $1.4 billion for its role in a deadly 2010 pipeline explosion and fire in San Bruno.
The U.S. Trustee’s Office late Friday blasted a request by Dechert LLP to strike a sealed investigative report by the creditors committee in the Constar International Holdings LLC bankruptcy case that Dechert says contains “scandalous” material, arguing that the firm hadn’t shown that it should either be removed or remain confidential.
Iliad SA, the French telecom firm that failed to win over T-Mobile US Inc. with a $15 billion offer, said Monday that it is still hoping for a slice of the wireless carrier as it cobbles together a sweetened bid, potentially alongside a private equity partner.
Halliburton Co. on Tuesday agreed to pay nearly $1.1 billion to settle most private plaintiffs' claims against the company stemming from its role in the 2010 Deepwater Horizon disaster that sent millions of barrels of oil spewing into the Gulf of Mexico.
Apollo Global Management LLC is cashing out of a seven-year $850 million investment in luxury cruise operator Prestige Cruises International Inc. to the tune of $3.025 billion, with former portfolio company Norwegian Cruise Line Holdings Ltd. picking up the company, it said Tuesday.
A Texas federal judge on Friday sentenced the former CEO of Arthrocare Corp. to 20 years in prison and the company's ex-CFO to 10 years after they were convicted of perpetrating a securities fraud that is now estimated at about $756 million, according to authorities.